Bharti AXA Life Insurance has posted a 14 per cent development in complete collected premium at Rs 2,602 crore in FY22 from Rs 2,281 crore in FY21. Renewal premium grew by 11 per cent and stood at Rs 1,666 crore in FY22. It posted a 25 per cent development in weighted new enterprise premium (WNBP) to Rs 730 crore from Rs 582 crore final 12 months, outperforming the general and personal business development which stood at 16 per cent and 22 per cent respectively. In This fall FY22, the corporate witnessed a 14 per cent development in WNBP in comparison with the 13 per cent general and 9 per cent personal business development noticed in the identical interval.
Despite the difficult macroeconomic surroundings, the corporate recorded a surge of 18 per cent in its property underneath administration at Rs 11,025 crore in FY22 in opposition to Rs 9,374 crore within the final fiscal, stated Parag Raja, MD & CEO.
